積算100
[Assessed 82.7%] Apartment building in Sagamihara, Kanagawa — 10 min from Chuo-Rinkan Sta.
Assessed 82.7%Condominium buildingSagamihara, KanagawaChuo-Rinkan Sta. 10 min walk

[Assessed 82.7%] Apartment building in Sagamihara, Kanagawa — 10 min from Chuo-Rinkan Sta.

Published: Sep 3, 2026Updated: Sep 4, 2026

Property Overview

LocationSagamihara, Kanagawa
Nearest StationTokyu Den-en-toshi Line Chuo-Rinkan Sta.
Walk10 min walk
Assessed Ratio82.7%Assessed 82.7%
Price¥68,750,000
TypeCondominium building
Expected Yield8%
StructureReinforced concrete (RC)
BuiltBuilt Oct 1989 (36 years old)
Land Area158.04㎡
Building Area296.09㎡

Where This Property Is Listed

This property appears on the sites below. Listings matching on location, land area and building area are merged into a single article as the same property.

Rakumachi¥68,750,000View listing

Assessed Value Breakdown

Land assessed value¥33,978,600
Building assessed value¥22,868,228
Total assessed value¥56,846,828
Asking price¥68,750,000
Assessed ratio82.7%

Calculation basis

  • Land = road price ¥215,000/m² × land area 158.04m²
  • Building = replacement cost ¥330,000/m² × floor area 296.09m² × remaining life 11y ÷ statutory life 47y
  • Built Oct 1989 (36 years old)

Official Road Price Trend (last 3 years)

Cumulative change 2024 → 2026: +16.2%
YearRoad price (JPY/m²)YoY
2024185,000
2025200,000+8.1%
2026215,000+7.5%

Based on inheritance-tax road prices published each July — a reference for the trend in land collateral value.

How We Checked This Property

The listing's walking times to stations did not match the actual address. This is the record of re-measuring the nearest station from the coordinates, then reading four road price map sheets to establish the local spread.

Listing check

The listing's transport field states 19 minutes on foot to Machida Station on the JR Yokohama Line, 21 minutes to Sagami-Ono and 23 minutes to Machida on the Odakyu Line, while another field on the same page says 16 minutes to the station, contradicting itself. Putting the map coordinates from the Rakumachi HTML through the Geospatial Information Authority reverse geocoder returns Kamitsuruma 8-chome, which does match the stated address. Measuring straight-line distances from that point gives 2,977m to Machida and 1,963m to Sagami-Ono, neither reachable in a 19-minute walk. Chuo-Rinkan, by contrast, is 333m away.

View source
Locating the road price

Kamitsuruma 8-chome spans four road price map sheets (78264, 78265, 78274 and 78275). Using the Geospatial Information Authority address search to plot blocks 1 through 21, we found the whole chome fits within roughly a 500m square, with most blocks appearing in the lower left of sheet 78265. We confirmed that the circled numbers on the map are block numbers by matching blocks 18 to 21 on sheet 78275 (Torin Junior High School and Torin Fureai Forest) against their measured positions.

View source
Locating the road price

Cataloguing every local street in the chome gives one at 210,000 yen, six at 215,000, five at 220,000, twelve at 225,000 and one at 230,000. The most common is 225,000 yen per sqm, and the streets around the property's coordinates are all 225,000. We nonetheless took 215,000 as the representative value. At the most common 225,000 the ratio is 85.0%, and at the chome's lowest 210,000 it is 81.5%. Only the 200,000 boundary road at the southeastern edge would drop it below 80%, and that lies about 1km from the property. Across three years the same street reads 185,000, then 200,000, then 215,000.

View source
Building valuation assumptions

The building is reinforced concrete dating from October 1989, making it 36 years old. Against the 47-year statutory service life that leaves 11 years, giving a building assessment of 22,868,228 yen, around 40% of the total. The land alone accounts for 49.4%. The building name reads as "JOLCA BLDG" on the on-site sign, confirming it is not one of the LivLi-branded properties.

View source
On-site check from photos

We examined all nine listing photographs at full resolution. On the frontage road side, the facility entrance rises from the pavement by two tiled steps of about 0.30m in total, and west of it the concrete apron sits flush with the pavement. The split-block wall on the northeast boundary is the highest retaining element around the site at two exposed courses, 0.38 to 0.50m. There is a five- or six-step stair from the pavement at the building's northeast end, but it sits under the building's canopy and leads to the mailbox room, not up to the site's ground level.

View source
Rights and restrictions

The frontage is a 7.00m public road on the northwest side. Zoning is Category I Medium-to-High-Rise Exclusive Residential with 60% building coverage and 200% floor area ratio. There is no mention of non-rebuildable status, proviso roads, unmet frontage requirements, absent private road shares or missing excavation consent. Neither the restrictions field nor the Points field mentions cliff ordinance provisions.

View source

What We Could Not Confirm

  • The listing's walking times to stations (19 minutes to Machida, 21 to Sagami-Ono, 23 to Odakyu Machida) do not match the actual address, and the listing contradicts itself with a separate "16 minutes to the station". We record Chuo-Rinkan as the nearest station based on our own measurement of the coordinates. However, the lot number is undisclosed and we measure from the chome reference point, so the actual walking time may differ by a few minutes. On-site confirmation is needed.
  • With the lot number undisclosed, we take the road price from the conservative end of the chome band rather than identifying a specific block. Streets around the property's coordinates read 225,000 yen per sqm, but we calculated on 215,000. A known lot number would improve precision.
  • At 36 years old, securing a financing term on this reinforced concrete building is a challenge. The seller's own listing states they have approached lenders willing to discuss long-term financing on older RC buildings, so lender selection is a precondition here.
  • The listing gives no indication of the prospects for a replacement tenant should the ground-floor childcare facility leave. The remaining lease term and its conditions need checking.
  • The Geospatial Information Authority elevation API did not respond, so we have no terrain corroboration. The retaining wall assessment rests solely on cross-checks within the photographs.

Rather than reproducing the listing as-is, we verified the figures against public sources such as the official road price maps and the listing photos. This is not based on a site visit, so please confirm on site and with the seller before deciding.

Neighborhood ① Shopping Near the Station

Seven-Eleven Sagamihara Kamitsuruma
3 min walk from the station

A convenience store about 186 m in a straight line from the centroid of Kamitsuruma 8-chome, Sagamihara.

Source
Super Sanwa Chuo-Rinkan
7 min walk from the station

A grocery supermarket about 514 m in a straight line from the centroid of Kamitsuruma 8-chome, Sagamihara.

Source
Tokyu Store Chuo-Rinkan
8 min walk from the station

A grocery supermarket by the station about 627 m in a straight line from the centroid of Kamitsuruma 8-chome, Sagamihara.

Source

Neighborhood ② Dining Near the Station

Chuka Bizen
4 min walk from the station

A Chinese restaurant about 293 m in a straight line from the centroid of Kamitsuruma 8-chome, Sagamihara.

Source
Moitie
5 min walk from the station

A cafe about 346 m in a straight line from the centroid of Kamitsuruma 8-chome, Sagamihara.

Source

About This Property

⚠️ A caveat about the listing's transport details comes first. The listing states "Machida Station on the JR Yokohama Line, 19 minutes on foot", "Sagami-Ono, 21 minutes" and "Machida on the Odakyu Line, 23 minutes". But from the property's address in Kamitsuruma 8-chome, Minami-ku, Sagamihara, Machida Station is about 3.0km away in a straight line and Sagami-Ono about 2.0km, distances a 19-minute walk does not cover. Another field on the same listing page says "16 minutes to the station", so the figures contradict each other within the listing. Checking the coordinates ourselves, the actual nearest station is Chuo-Rinkan on the Tokyu Den-en-toshi and Odakyu Enoshima lines, about 330m in a straight line from the chome reference point. What follows uses that measurement rather than the listing's walking times.

The property is a four-storey reinforced concrete apartment building dating from October 1989. The land is 158.04 sqm with 296.09 sqm of floor area across six units, a varied mix of two studios, one 2LDK, one 1LDK, one 2K and one office. The price is 68.75 million yen against projected full-occupancy income of 5,503,200 yen a year, a gross yield of 8.00%. It is currently fully occupied.

A childcare development support facility occupies the ground floor. The seller presents this as the property's main feature, arguing that such a tenant carries lower vacancy risk than a typical commercial tenant.

⚠️ At 36 years old, the reinforced concrete construction warrants thought on the financing side. The seller's own listing notes that they have approached lenders willing to discuss long-term financing on older RC buildings, acknowledging that lender selection is a factor here.

The assessed value ratio is 82.7%, comprising 33,978,600 yen of land and 22,868,228 yen of building, with the building making up around 40% of the total. Against the 47-year statutory service life for reinforced concrete, 36 years leaves 11 years remaining, and that remainder drives the building figure. The inheritance tax road price is 215,000 yen per sqm, up 16.2% over three years: 185,000 in 2024, 200,000 in 2025, and 215,000 in 2026.

Kamitsuruma 8-chome spans four road price map sheets, so we catalogued every local street in the chome to establish the spread. Values run from 210,000 to 230,000 yen per sqm, with 225,000 the most common. Streets around the property's coordinates are all 225,000, but we used the conservative 215,000. At the most common 225,000 the ratio would be 85.0%, and at the chome's lowest 210,000 it is still 81.5%.

This is a property to evaluate by separating three things: a location close to a station with full occupancy, the financing difficulty of 36-year-old reinforced concrete, and the fact that the listing's transport details do not match the actual site.

Estimated Financing

Assessed value ¥56,846,828 → estimated loan ¥56,840,000 (83% of the asking price)

Actual loan availability, amounts and terms are subject to each bank's screening.

Suggested Lenders

関西みらい銀行
Regional bankAssessed-value focusedStrong with condominium buildings
土地から新築OK。 築古過ぎず、好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 産休中はNG。 築古過ぎる場合は、信用金庫・信用組合のセゾンファンデックス保証付の不動産担保ローンが適す。
滋賀銀行
Regional bankAssessed-value focusedStrong with condominium buildings
土地から新築OK。 好立地で積算割合が高く、キャッシュフローが回る物件であれば、検討対象となる。 但し、産休中はNG。
スルガ銀行
Regional bankBorrower-profile focusedStrong with condominium buildings
富豪向け。 金融資産3000万円以上が検討対象。 行けるなら8割融資や9割融資が狙える。 金利は2%台、融資期間は35年。

General tendencies of lenders covering this area, for information only. This does not guarantee or suggest any specific financing outcome.

Ask About This PropertyWe offer purchase consultation, brokerage and consulting services.Found an error in this listing? Let us know here
[Assessed 100.9%] Detached house in Midori Ward, Sagamihara, Kanagawa — 19 min from Aihara Sta.
Assessed 100.9%
Source: Kenbiya
Detached house

[Assessed 100.9%] Detached house in Midori Ward, Sagamihara, Kanagawa — 19 min from Aihara Sta.

Midori Ward, Sagamihara, KanagawaJR Yokohama Line Aihara Sta. 19 min walk
¥39M
Sep 18, 2026
[Assessed 90.9%] Detached house in Midori Ward, Sagamihara, Kanagawa — 19 min from Aihara Sta.
Assessed 90.9%
Source: Kenbiya
Detached house

[Assessed 90.9%] Detached house in Midori Ward, Sagamihara, Kanagawa — 19 min from Aihara Sta.

Midori Ward, Sagamihara, KanagawaJR Yokohama Line Aihara Sta. 19 min walk
¥43M
Sep 18, 2026
[Assessed 93.9%] Detached house in Atsugi, Kanagawa — 12 min from Aiko-Ishida Sta.
Assessed 93.9%
Source: SUUMO
Detached house

[Assessed 93.9%] Detached house in Atsugi, Kanagawa — 12 min from Aiko-Ishida Sta.

Atsugi, KanagawaOdakyu Odawara Line Aiko-Ishida Sta. 12 min walk
¥33.8M
Sep 18, 2026